Technical analysis and forecast on #ETH
š August 3, 2025 ā 21:34
ā Price: 3,510.20 USDC
š 24h Change: +2.55%
š 24h Low: 3,354.07
š 24h High: 3,516.75
š Technical Indicators Overview:
1. EMA (Exponential Moving Averages):
EMA(9): 3,601.11
EMA(21): 3,500.59
EMA(50): 3,155.64
š EMA(9) is below EMA(21), suggesting a short-term bearish trend or pullback.
2. MACD:
DIF: 164.99
DEA: 234.44
MACD Histogram: -69.45
š MACD is currently bearish, but the decreasing histogram suggests weakening downward momentum.
3. Stochastic RSI:
Stoch RSI: 4.53
Signal: 1.94
š This is deep in the oversold zone (<20), indicating a possible short-term rebound.
4. Volume:
Volume is declining, which often suggests that selling pressure is fading.
š® Forecast / Scenarios:
š Short-Term (Next 3ā5 Days):
š Likely sideways movement between 3,450 and 3,600 USDC.
š¢ If the price holds above EMA(21), it could retest 3,630ā3,700.
š“ If it breaks below 3,450, next supports: 3,228, then 2,826.
ā Trading Outlook:
Buy Opportunity: If price consolidates above 3,500 and EMA(9) turns upward
Scalp Trade Long: Possible due to oversold Stoch RSI ā target: 3,600+
Stop-Loss (Short-term trades): Below 3,450 USDC
